#TrumpBitcoinEmpire
The White House report indicates that Trump's cryptocurrency empire could be worth nearly a billion dollars.
💐 During his campaign last year, then-candidate Donald Trump promised the cryptocurrency sector that he would become the first president to adopt blockchain technology. At that time, he did not reveal his intention to make cryptocurrencies the cornerstone of his growing business empire.
💐 The White House on Friday released Trump's first financial disclosure report as president, revealing new details about his network of business ventures, including golf courses, sponsorship deals, and a public media group.
Notably, the report also provided a glimpse into Trump's cryptocurrency platform, World Liberty Financial, which his sons announced last summer.
According to the disclosures, Trump made over $57 million from token sales on the platform and owns nearly 16 billion governance tokens - the cryptocurrency version of voting shares - launched by World Liberty. Based on previous sales of these tokens to accredited investors, which ranged in value from 1.5 to 5 cents, Trump's holdings could be valued at nearly a billion dollars, although the token is currently not traded. Bloomberg recently estimated his net worth at around $5.4 billion.
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